"REFLECTING" · 총 137건
필터 보기현재 지수
50.3
0 = 부정 우세
50 = 중립
100 = 긍정 우세
최근 7일 기준 87,158건을 분석한 결과, 뉴스 심리지수는 50.2(균형)입니다. 긍정 4,360건(5.0%)·중립 80,654건(92.5%)·부정 2,144건(2.5%)이며, 중립 비중이 뚜렷하게 높습니다. 성향 지수는 종합 14.7(중도 균형)입니다.
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For over two decades, Pakistan has been locked in a war, not of its choosing but one that it cannot escape. Long after the withdrawal of Western forces from Afghanistan in August 2021, Pakistan continues to absorb the strategic shockwaves of a conflict whose centre of gravity may have shifted, but not disappeared. The return of the Taliban to power in Kabul has transformed the security landscape of South and Central Asia, with Pakistan bearing the most immediate and severe consequences. This is not merely a bilateral problem between neighbours. It is a global security challenge with implications stretching from West Asia to Europe, amid growing international concern over Afghanistan becoming a renewed militant hub. Pakistan’s role in the post-9/11 international order was clear and costly. As a frontline partner of the United States and Nato, Pakistan provided intelligence cooperation, logistics, and sustained military operations against Al Qaeda and affiliated networks. It was later designated a Major Non-Nato Ally, reflecting its centrality to global counterterrorism efforts. Yet, while international forces eventually exited Afghanistan, Pakistan’s war did not end. Instead, it evolved into a long war of attrition aimed at preventing the spillover of militancy from Afghan territory into the region and beyond. The cost Pakistan has paid is extraordinary. Over the past two decades, approximately 100,000 Pakistanis have lost their lives to terrorism, including civilians, security personnel, and children, most tragically symbolised by the massacre at the Army Public School in Peshawar. The site of a truck bomb attack on the Marriott hotel in Islamabad on September 20, 2008. — Reuters/File The economic toll exceeds $150 billion, encompassing destroyed infrastructure, lost investment, and enduring reputational damage. These figures are not abstractions; they represent one of the highest sacrifices borne by any country in the global war on terror. Over the years, Pakistan has pursued a sustained counterterrorism strategy. It dismantled major terrorist sanctuaries through sequential operations, strengthened its legal framework via the Anti-Terrorism Act and National Action Plan, operationalised dedicated counterterrorism institutions, and imposed financial controls to disrupt terrorist funding. By the late 2010s, violence had dropped sharply, and Pakistan had rebuilt a measure of internal security through institutional resilience rather than episodic force. That progress has been severely undermined by the Taliban’s return to power. Despite commitments under the 2020 Doha framework to prevent Afghan soil from being used against other states, militancy accelerated after the release of thousands of prisoners and the collapse of the Afghan republic. Today, Afghanistan has once again become a permissive environment for transnational jihadist groups, as documented by the United Nations Monitoring teams, contradicting the Doha pledge that Afghan soil would not be used to threaten the security of the United States and its allies. What makes the current situation uniquely dangerous is that the Taliban are no longer an insurgent movement operating from the shadows; they control an entire state. They possess territory, resources, institutions, and an education system that is being systematically redesigned to serve ideological ends. Analysts warn that this form of state capture amounts to long-term societal engineering with consequences that do not remain confined to one country. For Pakistan, the impact is direct and violent. Afghan soil is being used as a launchpad for cross-border terrorism. Pakistani authorities have identified camps, staging areas, and logistics nodes inside Afghanistan operated by the Tehreek-i-Taliban Pakistan (TTP) and other groups. Leaders of the TTP terror outfit operate openly from Afghan cities, enjoying protection and material support. A security personnel stands guard at an imambargah following an explosion, in Islamabad on February 6, 2026. — AFP/File In 2025 alone, Pakistan conducted more than 75,000 intelligence-based operations across the country, dismantling terrorist formations and neutralising militants. A striking proportion of those involved were Afghan nationals, reflecting the depth of Afghan-side involvement in anti-Pakistan terrorism. This has repeatedly surfaced in international reporting as Pakistan confronted a sustained spike in attacks and arrests tied to cross-border militant facilitation. Pakistan’s geographic exposure magnifies the threat. It shares a 2,670-kilometre border — by far the longest of any neighbouring state. The border cuts through rugged terrain and dense kinship networks, which are routinely exploited by militant groups for infiltration, making Pakistan the primary firewall against the westward diffusion of jihadist violence. The notion that Pakistan can be destabilised without broader repercussions is therefore dangerously myopic. Policies that tolerate, enable, or instrumentalise militant proxies against Pakistan may appear tactically convenient to some regional actors, but they undermine collective security. Terrorist ecosystems, once empowered, rarely remain controllable. As global benchmarking shows, Pakistan continues to rank among the states most affected by terrorism, reinforcing the scale of the threat confronting it. Afghanistan’s transformation into a hub for transnational militancy is now acknowledged not only by Pakistan but by Russia, China, Iran, Central Asian states, as well as UN monitoring bodies. The problem is no longer one of competing narratives; it is a documented security reality, as international reporting continues to describe Afghanistan as a post-withdrawal magnet for armed networks. Despite immense pressure, Pakistan has consistently chosen engagement over abandonment. When Kabul fell in 2021, and much of the international community closed its embassies, Pakistan kept its mission open and facilitated evacuations. Defence Minister Khawaja Asif and Afghan Defence Minister Maulvi Sahib Muhammad Yaqub Mujahid shake hands after signing a ceasefire deal between Pakistan and Afghanistan in Doha, Qatar on October 19, 2025. — X/@KhawajaMAsif/File It has advocated for humanitarian support to the Afghan people, called for the unfreezing of Afghan assets to prevent economic collapse, and invested in trade, transit, and border mechanisms to stabilise livelihoods. Pakistan has also hosted millions of Afghan refugees for decades, absorbing a humanitarian burden that few states would tolerate, even though it is not a signatory to the 1951 Refugee Convention. These actions underscore a central truth: Pakistan’s objective is not confrontation with Afghanistan but containment of a threat that endangers the region and the world. Yet engagement without accountability has limits. The Taliban’s failure to take verifiable action against terrorist groups operating from Afghan soil has turned Afghanistan into a net exporter of insecurity. Major reporting has consistently linked Afghanistan’s permissive environment with the rising tempo of attacks in Pakistan. Allowing this trajectory to continue unchecked risks recreating the pre-9/11 environment — this time with more sophisticated networks, advanced weaponry left behind after the Western withdrawal, and digital tools that accelerate recruitment and radicalisation. Evidence of ideological-military institutionalisation is increasingly visible, including reports of new militant training camps in Afghanistan linked to Taliban factions and allied groups. For major powers, the strategic implications are clear. Supporting Pakistan in its efforts to eradicate cross-border terrorism is not a favour; it is a strategic necessity that requires intelligence cooperation, diplomatic backing, and coordinated international pressure on the Taliban to honour their commitments, dismantle terrorist sanctuaries, and end cross-border militancy. The alternative strategic neglect or proxy-driven destabilisation would be far costlier. Pakistan’s war on terror has never been only Pakistan’s war. It has been fought, often quietly and at enormous human cost, on behalf of a global order that depends on preventing ungoverned or ideologically weaponised spaces from becoming incubators of transnational violence. Pakistan’s 2025 operational tempo and threat environment have been extensively documented in international reporting tracking the resurgence of militant violence. If the international community fails to recognise this reality, it risks learning once again, perhaps too late, that terrorism ignored at its source rarely stays there. The warning is no longer theoretical: international reports increasingly describe Afghanistan’s post-2021 environment as a convergence space for armed networks with regional reach, reinforcing the urgency of collective action against the renewed Afghanistan-based militant threat. The views expressed in this article are those of the author and do not necessarily reflect the views of Dawn.
ICICI Bank is well-positioned to sustain sector leadership with a healthy growth outlook and robust asset quality, said Motilal Oswal Financial Services while naming the heavyweight private lender its top ‘Buy’ within the banking sector even after the stock tumbled 10% in six months.The shares of ICICI Bank gained over 1% on Thursday to trade at Rs 1,258.40 apiece on NSE. The stock has however fallen over 1% in one week and 6% in 2026 so far. The stock has fallen more than 12% in one year.Despite the muted returns, Motilal Oswal maintained its bullish call for the shares of ICICI Bank. The domestic brokerage said that the private lender is well-positioned to sustain its growth momentum while maintaining profitability benchmarks. It expects the bank to deliver a 16% loan CAGR over FY26-FY28, led by strong growth in business banking and PL, while the corporate segment is also expected to witness healthy traction, supported by working capital demand.ICICI Bank’s liability franchise continues to remain best-in-class, supported by diversified acquisition engines and a rapidly expanding physical network, Motilal said. With a domestic CD ratio of 85.5% and LCR of 126%, the brokerage added that the bank is well placed to capitalize on growth opportunities compared to peers.“ICICI Bank is likely to maintain cost leadership despite meaningful investments in technology, customer delivery, analytics, and talent. ICICIBC’s asset quality remains robust, supported by disciplined underwriting, continued monitoring, and strong recoveries, while the bank maintains a healthy contingency buffer (0.9% of loans). The bank currently does not face additional portfolio stress from the West Asia crisis or ECL transition. Credit costs are, thus, expected to remain contained, with GNPA/NNPA improving to ~1.4%/0.3% by FY28E,” Motilal said.Motilal Oswal on ICICI Bank share priceThe brokerage acknowledged that ICICI Bank shares have delivered tepid performance over the past year, reflecting broader derating across large banking stocks amid persistent FII selling. However, with operating performance holding strong and sustained market share gains across key lending segments, Motilal expects a gradual rerating.It maintained its ‘Buy’ call on the stock, with a target price of Rs 1,750 apiece. This implies an upside potential of nearly 41% from the stock’s previous closing price of Rs 1,242 apiece on NSE.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Korea Investment & Securities is betting that the next phase of finance will be built on digital assets, taking a strategic stake in Coinone to position itself as a hub connecting traditional finance and the crypto economy. Speaking at a joint press conference in Seoul on Thursday, Korea Investment & Securities CEO Kim Sung-hwan said the brokerage joined Coinone as a strategic investor rather than a financial investor, reflecting its conviction that digital assets will become increasingly intert
The Indian rupee is trading around Rs. 95-96 to the dollar in late May 2026, setting fresh record lows. Markets are openly discussing the Rs. 100 threshold. The rupee has weakened in almost every year since 2014 and has lost approximately half its value against the dollar over that period. The end of this currency depreciation is not in sight. The factors that would stop it are not yet visible.The government is acting. State run oil companies have implemented four fuel price hikes in ten days as of May 25, taking petrol in Delhi past Rs. 102 per litre. This is the right and necessary response to the energy cost reality created by the Iran war. Crucially, the Modi government has also done its part on the macroeconomic front, consistently and aggressively reducing the fiscal deficit as a percentage of GDP to maintain structural stability.Yet, the currency pressure persists. The energy price impact has not yet fully reached Indian consumers and supply chains. It is coming.Uday Kotak said it plainly at the CII Annual Business Summit on May 12: "Be ready for tough times rather than waiting for the shock to hit us." He was right.Also read | Manufactured monopoly: How industrial policy is structuring monopolies in IndiaThis is not a time to panic. But it is a time to act. The leaders who move now will have options. Those who wait will not.The Overriding Factor: The Psychology of the PlayersWhy is the currency declining despite strong domestic fiscal discipline? Because exchange rates are not driven by mathematical models alone. The currency decline is highly affected—and accelerated—by the psychology of all players engaged in this endeavor.Currency movements are deeply behavioral. When a currency visualizes a downward trend, psychology shifts from calculation to self-protection and speculation. Every player in the ecosystem operates under this psychological weight:Corporate CFOs and Treasurers: Instead of hedging normally, they rush to cover future dollar liabilities early, hoarding hard currency and inadvertently worsening the scarcity.Foreign Investors: They begin to judge their returns not by the quality of Indian business operations, but by the eroding value of the conversion rate.Importers and Exporters: Importers advance their payments to avoid paying more tomorrow; exporters delay converting their dollar earnings back into rupees, waiting for a "better" rate. This collective psychology creates a self-fulfilling prophecy.Investors, CFOs, and FDI decision makers extrapolate what is happening now into the future. When they see a currency that has lost approximately half its value since 2014 with no clear floor in sight, their psychological pivot alters market realities.Also read | India tightens checks on overseas flows as currency pressure mounts, sources sayThe cascading timeline of Foreign Portfolio Investor (FPI) equity behavior perfectly mirrors this psychological shift from rational evaluation to systemic risk aversion:2024 (The Calculation Phase): Rupee averages Rs. 83-84. FPI flows remain positive (+$12 billion) as investors trade on strong domestic corporate earnings.2025 (The Self-Protection Phase): Rupee slides past Rs. 89. Collective psychology shifts to risk mitigation. FPIs withdraw a record $18.4 billion from Indian equities—the largest annual equity outflow on record.Early 2026 (The Capitulation Phase): Rupee breaks past Rs. 95. Sentiment turns into an outright exit strategy. In the first four months of 2026 alone, outflows have already reached $19.1 billion, completely bypassing the entire previous year's record loss in a fraction of the time.FDI agreements are being signed, but capital is delayed because players are psychologically hesitant to deploy funds into a depreciating asset.The Trap of Hard Currency Debt: A Broken Business Model There is a highly significant and dangerous phenomenon unfolding in India today that requires immediate exposure. For years, a specific class of Indian corporates adopted a regular strategy of borrowing heavily in hard currency (External Commercial Borrowings, or ECBs). Lured by low nominal global interest rates, several of these companies over borrowed, treating cheap dollar debt as a permanent structural advantage.Today, that strategy has become a trap. The compounding effect of a depreciating rupee, skyrocketing hedging costs, and brutal refinancing realities is fundamentally breaking their business models.Consider the mechanics of this crisis:The Hedging Penalty: Leaving dollar debt unhedged is now corporate roulette. However, buying hedges at current rupee levels has become structurally prohibitive. The cost of protection completely wipes out any interest rate advantage.The Refinancing Wall: Billions in foreign debt are coming due. These over-borrowed companies must now refinance their liabilities at a time when the rupee value has materially deteriorated. They are effectively forced to borrow far more rupees just to pay back the same amount of original dollars.The Crushing Cost of Rupee Capital: As these companies try to pivot back to domestic lenders, they face a severe escalation in their rupee cost of capital.The Growth Verdict: When your cost of capital spikes and your cash flows are consumed by servicing legacy dollar debt, future growth stops. Capital expenditure (CapEx) plans are being frozen. These companies can no longer invest in innovation, capacity, or market expansion. Their business model shifts overnight from aggressive value creation to basic survival. Boards must realize that this is not a temporary treasury headache; it is a structural threat to the company’s future viability.India's forex reserves stand at approximately 10 to 11 months of import cover. Substantial, but being actively deployed to defend the currency. Some imports are non-negotiable: oil, critical inputs, components. These will now cost more. That cost passes through every supply chain.Six Actions for Business Leaders1. Protect your cash and liquidity first. This is the most immediate priority. Map your cash position today. Identify every source of liquidity across the next twelve months. Stress-test it at Rs. 100 and beyond. Which receivables are at risk? Which credit lines are rupee-denominated and which are not? Companies that run into a cash crisis during a currency depreciation cycle lose their options entirely. The CFO must own this analysis and present it to the board within days, not weeks.2. Act now on your foreign currency borrowings, hedging, and refinancing. Do not assume the rupee will recover to Rs. 80. Analyse your full foreign currency exposure across the next three years: every loan, every refinancing date, every hedging contract, every procurement price denominated in foreign currency. Hard currency loans now face refinancing at rupee values that have materially deteriorated. Model every scenario at Rs. 100 and beyond. Your CFO, treasury, and procurement team must be aligned on one instruction: do not run into a liquidity crisis. This analysis must happen now, not at the next quarterly review.3. Build a war room. Most companies have begun thinking about war rooms for supply chain disruptions. Expand the mandate. Currency exposure belongs in the same room. Which of your costs are dollar or euro denominated? Which of your revenues are rupee denominated? Where is the mismatch? What is your break-even exchange rate? If you do not have clear answers today, you are exposed. The war room is not a committee. It is a real-time decision environment with live data, a clear owner, and the authority to act.4. Use the currency depreciation advantage: double your export salesforce. A weaker rupee makes Indian exports more competitive. This window will not stay open indefinitely. Double the salesforce in your export markets now. Use this period to upgrade quality, improve service delivery, and build customer relationships that will last beyond the currency advantage. Indian exporters who invest in capability during this period will emerge stronger regardless of what the rupee does next. Those who simply ride the price advantage without building the underlying business will lose when conditions change.5. Watch your stock and your sector. Banks and financial institutions should already be on high alert. Companies with large foreign currency exposure will see pressure on their financials. Some stock prices are already reflecting this. Go through your sector company by company. Identify who is most exposed. If you are an investor or a lender, this analysis is not optional. The combination of currency depreciation, rising oil prices, and FPI outflows creates a compounding pressure that will surface in earnings before it surfaces in headlines.6. Cut costs aggressively. AI will help. There has never been more urgency to reduce costs than now. And there has never been a better tool to do it. AI can cut most operational costs by as much as 30% across functions: procurement, finance, customer service, logistics, and compliance. McKinsey data confirms companies adopting AI and automation reduce operational costs by 20 to 30 percent. This is not a future opportunity. It is a present imperative. Every rupee of cost removed through AI is a rupee that does not need to be recovered through revenue in a deteriorating currency environment. Start now with your highest-cost functions.The CFO as CaptainCurrency risk is a cash flow risk. Every function that touches foreign currency—procurement, treasury, sales, capex planning— must now report into a single coordinating authority. That authority is the CFO. This is not about hierarchy. It is about clarity. In a currency crisis, fragmented decision-making is as dangerous as wrong decision making. One captain. One consolidated view. Weekly reviews minimum.The Bigger PictureThis currency depreciation is a structural signal, not a cyclical one. India's economy must move from a cheap labour advantage to genuine global value creation.The companies that will survive and thrive are those building products and services that command premium prices in global markets. The rupee's weakness is a reminder that competing on cost alone has limits.The recently concluded trade agreements are a genuine opportunity. Execute them with full force. Build the export pipelines. Add the sales capacity.The businesses that move now, with discipline and clarity, will manage market psychology, navigate the debt trap, and define the next chapter of Indian industry.The shock is coming. Prepare before it arrives.Ram Charan is the author of China’s 90% model. It is restricting India’s industrial progress. Former Director of Hindalco and Muyuan (China).
WASHINGTON (Reuters) -- The Republican-led US House of Representatives approved a resolution on Wednesday to block President Donald Trump from continuing the war against Iran, reflecting growing concern among members of his party about the three-month-old conflict. The House voted 215 to 208, as four Republicans voted with Democrats in favor of the war powers resolution, which directs Trump to withdraw US troops from Iran unless Congress declares war or authorizes the use of military force. It w
He compared the scale of the Lincoln Memorial Reflecting Pool with the height of famous buildings.
The Republican-led US House of Representatives approved a resolution on Wednesday to block President Donald Trump from continuing the war against Iran, reflecting growing concern among members of his party about the three-month-old conflict. The House voted 215 to 208, as four Republicans voted with Democrats in favor of the war powers resolution, which directs Trump to withdraw US troops from Iran unless Congress declares war or authorises the use of military force. The move marked the first time the Republican-controlled House had approved a measure seeking to force Trump to wind down military operations against Tehran since the war began three months ago. It was the latest setback for Trump in Congress despite his party’s slim majorities in both the House and Senate. For now, the vote is largely symbolic, as legislation must pass the Senate as well as the House to become effective, and there is debate over whether war powers resolutions would be constitutional even if they are approved by Congress. The vote, nonetheless, reflects unease among some Republicans over Trumps handling of the conflict and marks a rare bipartisan effort to curb presidential war powers as the war has entered a fourth month. Three previous war powers resolutions had failed in the House by increasingly slim margins and the chamber’s Republican leaders abruptly postponed a vote on this one last month when it looked likely to pass. The Senate advanced a separate, but similar resolution last month in a procedural vote, after seven previous attempts had failed. Further votes on the Senate measure have not yet been scheduled. The four House Republicans who voted for the war powers resolution were Representatives Tom Barrett of Michigan, Warren Davidson of Ohio, Brian Fitzpatrick of Pennsylvania and Thomas Massie of Kentucky. No Democrats voted against it. Seven House members did not vote. Recent pushback against Trump Trump recently has faced some opposition from members of his party in Congress, after months in which very few Republicans pushed back against his policy initiatives. Separately on Wednesday, the House approved a procedural motion that clears the way for a vote on the Ukraine Support Act, which would provide security aid to Ukraine as it fights a Russian invasion. The act reached the floor only after a petition reached a 218-signature threshold last month to move ahead. Six Republicans and one independent who normally votes with Republicans voted in favor of the Ukraine measure. Republicans recently have revolted against Trump’s plans to create a “weaponisation” fund to pay his political allies who said they had been the subject of government abuse. Republican lawmakers on Wednesday also criticized Trump’s pick of loyalist Bill Pulte — a mortgage regulator with no national security experience — to serve as acting director of national intelligence. Separation of powers Democrats have called on Trump to come to Congress for authorisation to use military force in the Iran conflict, noting that the US constitution says only the legislature, not the president, can declare war. They warned that Trump may have pulled the country into a long conflict without setting out a clear strategy and also railed against higher prices for gasoline, food and other products since the joint US-Israeli air strikes on Iran began on February 28. “The passage of this WPR today signals a significant turning point: more and more Republicans are listening to their constituents who do not want another open-ended war in the Middle East,” Representative Gregory Meeks, who sponsored the war powers resolution and serves as ranking member of the Foreign Affairs Committee, said in a statement after the vote. “This is a loud and unambiguous message to Donald Trump on behalf of the American people: it’s time to end his deeply unpopular and illegal war of choice in Iran,” the House Foreign Affairs Committee Democrats posted on X. Democrats have made affordability a central theme of their economic message ahead of midterm elections in November that will decide whether Republicans keep control of Congress. US producer prices posted their biggest increase in four years in April, boosted by soaring costs for goods and services since the war began. The Trump administration insists that the war on Iran is necessary for US national security, citing an urgent need to prevent the Islamic republic from developing a nuclear weapon. Republican critics of the war powers resolutions call them political grandstanding by Democrats who want to weaken the United States and score points against Trump.
D.K. Shivakumar sworn in as Karnataka's 24th CM, with G. Parameshwara as Deputy CM. The new cabinet balances caste and regional interests, reflecting Siddaramaiah's influence. Early initiatives focus on youth welfare, including free student bus passes and a private job portal. The ceremony highlighted religious traditions and drew national Congress leaders.
President Trump said renovations to the Lincoln Memorial Reflecting Pool were completed on Wednesday after being cleaned and re-painted “American flag blue.” “Excitingly, the final coat of protection will be completed on the Reflecting Pool that sits between The Washington Monument and The Lincoln Memorial, at 4 P.M., today,” Trump wrote in a Truth Social...
President Donald Trump surprised reporters with a new chart in the Oval Office on Wednesday comparing one of his D.C. renovation projects to other notable American landmarks. The president’s comments came during an unscheduled executive order signing ceremony, his first public appearance in a week, amid heightened tensions regarding ceasefire negotiations with Iran. Shortly into […]
WASHINGTON, June 3 - The U.S. House of Representatives on Wednesday backed a Democratic-led resolution aiming to stop the Iran war until hostilities are authorized by Congress, reflecting growing congressional concern, even among President Donald Trump's Republicans, over the war.
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The freak-outs over the restoration of the Lincoln Memorial Reflecting Pool are completely unwarranted and comically wrong, Interior Secretary Doug Burgum suggested. The post Exclusive: Doug Burgum Debunks Leftist Freak-Outs over Reflecting Pool Restoration appeared first on Breitbart.
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